Railway Pension Investments Ltd acquired a new stake in Keysight Technologies Inc. (NYSE:KEYS – Free Report) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 103,120 shares of the scientific and technical instruments company’s stock, valued at approximately $36,099,000.
Several other institutional investors and hedge funds have also made changes to their positions in the stock. Quarry LP acquired a new position in Keysight Technologies in the 4th quarter valued at about $25,000. Fiduciary Financial Advisors purchased a new stake in Keysight Technologies during the second quarter worth about $28,000. IMG Wealth Management Inc. purchased a new position in Keysight Technologies in the 2nd quarter valued at approximately $29,000. Cornerstone Planning Group LLC increased its holdings in Keysight Technologies by 36.1% during the 1st quarter. Cornerstone Planning Group LLC now owns 113 shares of the scientific and technical instruments company’s stock worth $32,000 after purchasing an additional 30 shares during the period. Finally, Compass Financial Management LLC purchased a new position in Keysight Technologies in the second quarter worth approximately $34,000. 84.58% of the stock is currently owned by institutional investors and hedge funds.
Keysight Technologies Stock Performance
NYSE KEYS opened at $323.40 on Tuesday. The stock has a market capitalization of $55.27 billion, a price-to-earnings ratio of 44.42, a PEG ratio of 1.64 and a beta of 1.22. The business’s 50 day moving average is $328.15 and its two-hundred day moving average is $319.86. Keysight Technologies Inc. has a 12-month low of $158.79 and a 12-month high of $374.96. The company has a current ratio of 2.02, a quick ratio of 1.62 and a debt-to-equity ratio of 0.28.
Analyst Upgrades and Downgrades
Several brokerages have recently weighed in on KEYS. Wall Street Zen lowered Keysight Technologies from a “strong-buy” rating to a “buy” rating in a research report on Saturday, August 1st. JPMorgan Chase & Co. increased their price target on shares of Keysight Technologies from $400.00 to $425.00 and gave the company an “overweight” rating in a research note on Wednesday, August 19th. Susquehanna boosted their price objective on shares of Keysight Technologies from $425.00 to $440.00 and gave the stock a “positive” rating in a research report on Wednesday, August 19th. Morgan Stanley increased their target price on shares of Keysight Technologies from $400.00 to $425.00 and gave the company an “overweight” rating in a research report on Wednesday, August 19th. Finally, UBS Group boosted their price target on shares of Keysight Technologies from $420.00 to $440.00 and gave the company a “buy” rating in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and two have given a Hold rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $392.83.
Check Out Our Latest Report on Keysight Technologies
Insider Transactions at Keysight Technologies
In related news, CEO Satish Dhanasekaran sold 507 shares of the business’s stock in a transaction that occurred on Thursday, June 25th. The shares were sold at an average price of $361.32, for a total value of $183,189.24. Following the completion of the sale, the chief executive officer directly owned 121,391 shares in the company, valued at approximately $43,860,996.12. The trade was a 0.42% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Jean Mcclung Nye sold 3,000 shares of the firm’s stock in a transaction dated Friday, August 21st. The stock was sold at an average price of $319.22, for a total value of $957,660.00. Following the completion of the transaction, the director owned 35,752 shares in the company, valued at approximately $11,412,753.44. This trade represents a 7.74% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 7,507 shares of company stock valued at $2,451,909 over the last three months. 0.40% of the stock is currently owned by insiders.
Keysight Technologies Company Profile
Keysight Technologies is a global provider of electronic design, test, measurement and optimization solutions for communications, electronics and related industries. The company was formed as a corporate spin-off from Agilent Technologies in 2014; its origins trace back to the electronic measurement business that was part of Hewlett‑Packard before Agilent. Keysight develops hardware and software used throughout the product development lifecycle, from design and simulation to prototype validation and manufacturing test.
Keysight’s product portfolio includes electronic test and measurement instruments such as oscilloscopes, network and spectrum analyzers, signal generators, vector network analyzers and modular PXI-based systems, together with software platforms for simulation, automated test and data analysis.
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